BRIEF-Focus Ventures says to extend its $3.5 mln loan facility by 3 yrs

Thu Jul 14, 2016 2:08pm EDT
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July 14 (Reuters) - Focus Ventures Ltd

* Focus to extend credit facility

* Arranged to extend by three years us$3.5 million loan facility

* Extension agreement also calls for anniversary payments to lenders equal to 6 pct of amount of loan principal outstanding at time

* To pay an amendment fee to lenders by way of issuance of 2.7 million common shares of company at a deemed price of cdn$0.10 per share Source text for Eikon: Further company coverage: